Press coverage about Cisco Systems (NASDAQ:CSCO) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cisco Systems earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news articles about the network equipment provider an impact score of 82 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Cisco Systems, Inc. (CSCO) Position Increased by Orrstown Financial Services Inc (badhub.net)
- Cisco Systems, Inc. (CSCO) Shares Gap Down on Analyst Downgrade (eleganthomesinla.com)
- Motco Sells 7466 Shares of Cisco Systems, Inc. (CSCO) (fumbleboard.com)
- Cisco Is Near This Volatile Breaking Point (finance.yahoo.com)
- Cisco is launching a new type of network to help stop cyberattacks (finance.yahoo.com)
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $40.00 target price on shares of Cisco Systems in a research report on Tuesday, June 13th. Morgan Stanley set a $39.00 price target on Cisco Systems and gave the company a “buy” rating in a research note on Monday, May 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 price target on shares of Cisco Systems in a research note on Friday, May 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $40.00 price target on shares of Cisco Systems in a research note on Tuesday, May 23rd. Finally, Vetr downgraded Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $35.13 price target for the company. in a research note on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.19.
Cisco Systems (NASDAQ:CSCO) traded down 0.44% during midday trading on Tuesday, reaching $31.85. The company had a trading volume of 18,051,509 shares. Cisco Systems has a 12-month low of $27.13 and a 12-month high of $34.60. The stock has a market capitalization of $159.25 billion, a PE ratio of 16.17 and a beta of 1.23. The company has a 50-day moving average of $32.50 and a 200-day moving average of $32.22.
Cisco Systems (NASDAQ:CSCO) last released its earnings results on Wednesday, May 17th. The network equipment provider reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Cisco Systems had a return on equity of 17.31% and a net margin of 20.61%. The business had revenue of $11.94 billion for the quarter, compared to the consensus estimate of $11.90 billion. During the same period in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts predict that Cisco Systems will post $2.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Friday, July 7th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is 58.29%.
In other Cisco Systems news, SVP Karen Walker sold 7,802 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $31.29, for a total value of $244,124.58. Following the sale, the senior vice president now directly owns 178,577 shares of the company’s stock, valued at $5,587,674.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rebecca Jacoby sold 92,840 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $31.71, for a total value of $2,943,956.40. Following the completion of the sale, the senior vice president now directly owns 271,725 shares in the company, valued at $8,616,399.75. The disclosure for this sale can be found here. Insiders sold 396,179 shares of company stock worth $12,503,407 over the last three months. Corporate insiders own 0.11% of the company’s stock.
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Cisco Systems Company Profile
Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).
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